Optical imaging market was worth USD 1.42 billion in 2017. The market is projected to reach a value of USD 2.70 billion by 2023 at a CAGR of 11.35% over the forecast period 2018 – 2023|Key Players - ASE Optics, Inc., Canon Inc., Optovue Inc., Perkinelme

North America the Largest Market

Well-developed research infrastructure and faster adoption rates of advanced devices within the region are factors promoting the market growth in North America. Moreover, government initiatives related to funding projects are encouraging the technological advancement in this industry and rising healthcare spending in the region demands better diagnostic solutions.

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Owing to the growing relevance of this technology in pharmaceutical and biotechnological industries, along with medical diagnostics and therapeutics, the optical imaging market is poised to witness a steady growth in the upcoming years. Rising investments in few fields such as fiber-optics and photonics are also expected to act as a driving factor for the growth of optical imaging technology. Hyper spectral imaging (HSI) (a type of optical imaging technology) is an emerging imaging modality for medical applications, especially in disease diagnosis and image-guided surgery which is driving the market.

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Market Segments:
Optical imaging market is segmented by:
1. Product: Imaging Systems, Software, Others
2. Application: Pathological Imaging, Intraoperative Imaging
3. End User: Diagnostic Imaging Centers, Hospitals and Research Laboratories, Others
4. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market
• January 2018 - Edmund Optics and Etaluma entered into a sales channel partnership to make Etaluma next-generation inverted LS microscopes accessible to a wider range of researchers and educators.

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